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North Korea cuts off all forms of economic cooperation with South Korea

North Korea cuts off all forms of economic cooperation with South Korea

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The decision, taken in the National Assembly, means the suspension of all agreements related to such cooperation, KCNA reported on Thursday.

All laws governing financial relations with the ruling authorities in Seoul were also abolished. This includes the joint tourism program of the sacred area of ​​Kumjangvelt. This scheme has been a symbol of economic cooperation between the two countries since the early 2000s. Nearly 2 million South Koreans visit the mountain annually, but since 2008 there has been a pause after a tourist was shot when he strayed into a restricted area.

North Korean authorities have stated that they view South Korea as a belligerent enemy, and last year they canceled a 2018 agreement to reduce tensions along the border.

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